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estimates. major manufacturers in japan say business sentiment is getting worse. that's according to the latest quarterly report by the country's central bank. the bank of japan released on friday it's quarterly survey of short-term business confidence. nearly 11,000 companies up were covered byhe poll. e headline index stood at minus 12, down 9 points from the previous survey in september. it also records two consecutive quarters of worsening sentiment. the main factor for the decline is poor exports of auto and other economies due to the european downturn and cooling ties with china. another negative factor is the drop in domestic car sales because state subsidies for buyers of fuel efficient cars expired in september. for the nonmanufacturing sector the sentiment index was down by four points from the previous surv survey. looking aahead the to the next three months, major manufacturers expect a slight improvement as they hope the u.s. and chinese economies recovery. they're concerned that cooling consumer sentiment will persist. japanese shoppers are spends less, and that's go
>>> digging deeper. the search goes on for possible active faults beneath japan's nuclear plants. they could lead to permanent shutdown of several reactors. welcome to nhk world "newsline." inspectors from japan's nuclear regulation authority said a new nuclear power plan in the northern japan may be sitting on active seismic faults. a team of five experts concluded their two-day inspection at the higashidori plant in aomori prefecture. they concentrated on two faults in the compound. official from the plant's operator told the power company that a shift in the strata was caused by ground water. they say it wasn't the result of an active fault. investigators say they cannot rule out the possibility that the two faults are active. they say they will be able to come to a finding without additional surveys. the nuclear regulation authority says all members of the team share the same view. he says there's evidence that the faults have moved. officials with the authority will meet to discuss the matter next thursday. the electric plant say the faults are not located directly beneath t
>> digging deeper. the sesech goes on for possible active faults beneath japan's nuclear plants. they could lead to permanent shutdown of several reactors. welcome to nhk world "newsline." inspectors from japan's nuclear regulation authority said a new nuclear power plan in the northern japan may be sitting on active seismic faults. a team of five experts concluded their two-day inspection at the higashidori plant in aomori prefecture. they concentrated on two faults in the compound. official from the plant's operator told the power company that a shift in the strata was caused by ground water. they say it wasn't the result of an active fault. investigators say they cannot rule out the possibility that the two faults are active. they say they will be able to come to a finding without additional surveys. the nuclear regulation authority says all members of the team share the same view. he says there's evidence that the faults have moved. officials with the authority will meet to discuss the matter next thursday. the electric plant say the faults are not located directly beneath t
>>> ready to lead. shinzo abe starts mapping out japan's future a day after his liberal democratic party had a landslide election victory. i'm keikichi hanada. hello and welcome to nhk "newsline." >>> the people in japan are getting used to a new political reality. the liberal democrats are coming back to power after trouncing the democratic party in a lower house election. the man who was once prime minister, shinzo abe, is set to take his old job back. >> translator: our party's victory doesn't mean voters are putting 100% trust back in the ldp. people wanted to end three-year political confusion and stagnation brought about by the democrats. our mission is to tackle the critical situation japan faces. we need to speed up the reconstruction from last year's disaster. on the economy, we have to beat deflation, curb the strong yen and create jobs. on diplomacy and national security, we will rebuild the japan/u.s. alliance and then improve relations with other countries and protect our land and waters. >> abe and the liberal democrats spent three years in opposition as the democrati
looks upon japan as a friendly nation. not all citizens share her views. park insists they are south korean territory. many are wary about the japanese leadership too. a senior official says diploma hope to smooth over some of these issues. they hope abe and park will be able to meet after her inauguration in february. >>> barack obama says people in his administration have an obligation to prevt mass shootings. he launched a task force less than a week after a school shooting in connecticut. >> i will use all the powers of this effort to help advance e t efforts aimed at preventing a tragedy like this. >> vice president joe biden will lead the task force which will include other members of the cabinet. he said there's a growing consensus among americans to ban the sale ofilitary style assault weapons. he says it supports stricter background checks on buyers. last week a gunman walked into a school. he killed 20 children and six adults. obama has been struggling with another file. >> the u.s. fiscal cliff crisis and the republicans and democrats talks between the republicans to aver
>>> hello and welcome to "worldwide exchange." ross westgate is away. i'm kelly evans. japan's central bank boosts assets by another $120 billion. boj says it will discuss raising its inflation target next month. tech stocks fall in europe after ericsson unveils a swedish crown writout related to its loss chip venture. >>> reports say the intercontinental call is in talks to buy euro next. >>> and vows to continue the current government's battle against japanese territorial claims. >>> japan's central bank has decided to extend its asset purchase program to $120 billion. it will review the bank's stance on price stability next month. abe has been putting pressure on the boj to raise its inflation target to 2% as part of efforts to fight deflation. for more on the fallout or the impact here, let's talk to luca from asia pacific. you look like you're in mourning here, but it sounds like the bank of japan has delivered pretty much what the market was looking for the. >> yes. it was delivered in order to be seen as losing independence after the campaign, very aggressive campaign
birth rate similar to what japan experienced. are we headed that way. keith fitz-gerald, a resident of both countries, america and japan, we'll get his assessment on that. and please, we want to hear from you, e-mail us at varney@foxbusiness.com. tell us exactly what you think and what we talk about. monday morning, seven early movers, apple s rolling the iphone five out worldwide and hits china december 14th. 50 countries will get it and the stock is almost back to 600. dell, goldman sachs upgrade today a buy from a cell. $13 is the price target. it is up today. myriad genetics, the supreme court agrees to hear a case whether genes could be patented. if so, a boost for the company. if you can patent them up goes the stock, but today it's down. delta airlines is in talks to buy 49% of virgin airlines from singapore airlines. and maker of the ugg boots, they're out with positive comments on the stock, sets a $65 price target and it's at 41 and rising. and some soamazon, billions ord on-line. and disappointing results for the well in the gulf of mexico, down it goes. t dow industrial
morning, everyone. we do begin with breaking news out of japan right now. a strong earthquake hit the northeastern part of the country this morning. and it has triggered a tsunami warning. >> the quake measured a 7.3. it was centered in the pacific ocean. it was strong enough to cause buildings to sway in tokyo for several minutes. abc's akiko fujita is in tokyo with the very latest by phone. high, akiko. >> reporter: you're right. this quake hit about 5:18 p.m. local time. this is the largest quake we have felt in tokyo this year. to give you an idea of the intensity, in japan, they have a one to seven scale. this was about a five. it's a very strong quake, felt all the way out here. the big concern right now is the possibility of a tsunami along the northeast coast of japan. that is the same area that was devastated last year during 2011. right now, we have not seen any reports of tsunami waves just yet. the meteorological agency here has forecast waves about three feet high to hit the miyagi prefecture. we've not gotten any reports of a tsunami. but all of those cities along th
>>> breaking right now, a major earthquake hits japan. >> a tsunami warning issued. severe shaking in the same area that was devastated by that tsunami back in 2011. we are live in tokyo with the very latest. >>> we get a critical snapshot of the economy this morning. when we'll learn if hurricane sandy also devastated the nation's job market. >>> incredible crash. a jewelry store gets a drive-through. an employee inches from a very different outcome. >>> and 24/7? is round-the-clock shopping the next trend in holiday retailing? one megadepartment store is betting on it. >>> good friday morning, everyone. we do begin with breaking news out of japan right now. a strong earthquake hit the northeastern part of the country this morning. and it has triggered a tsunami warning. >> the quake measured a 7.3. it was centered in the pacific ocean. it was strong enough to cause buildings to sway in tokyo for several minutes. abc's akiko fujita is in tokyo with the very latest by phone. high, akiko. >> reporter: you're right. this quake hit about 5:18 p.m. local time. this is the largest quake
that you have family in japan. have you been able to talk to them at all and are they okay. >> that's right. i have my parents and aunt and uncle are stationed in japan at military bases. i was able to talk to my mother. they didn't feel the quake. they're too far south but i have an aunt and uncle in tokyo. thanks to social media i was able to see that they were okay and again, like i said it's a dramatic difference from last year when i was working a newscast and wasn't able to get ahold of my family. i'm happy this time around that everyone is okay. >> okay, cate thankings. >>> it is 6:02, a cold ask foggy start to the morning. let's look at weather and traffic. >> lawrence karnow with our weekend forecast. >>> and the weekend is looking good. it is chilly out there. fog developing, dense fog in some of the valleys down to a quarter mile. and down to a mile in s&l rose and livermore. -- santa rosa and livermore. last weekend very very stormy. this weekend just the sit. clear over the bays but those temperatures are chilly in spots. grab your jacket if you're headed out the door. 37 degre
live to japan straight ahead. >>> plus talk about your deadlines. today we are seven days from congress going on holiday and 25 days from plunging off the edge of the fiscal cliff. >>> the "new york post" photographer who took the picture of the man in the subway tracks before he was hit sits down to tell his side of the story. we'll hear from him this hour on cnn. good morning, welcome to "early start." i'm christine romans. >> and i'm zoraida sambolin. it is 5:00 a.m. in the east. breaking new's massive earthquake in japan. it happened off the coast of japan, about 300 miles northeast of tokyo you can see on the tower cam that we are going to buildings swayed for several minutes there. let's go to alex zolbert live in tokyo what can you tell us? >> this happened friday evening b an hour and a half ago. an unnerving scene. a 7.3 magnitude earthquake. as we understand it, this came along the same fault line that triggered that massive tsunami in march of 2011. we have been watching all the local stations, trying to gather all the information we can. here's what we know at this point in
strong quake that went on for about 90 seconds. >> major earthquake rocks northeast japan. >> the quake measured 7.3, centered in the pacific ocean. >> in the same area that suffered severe damage from a powerful quake and tsunami last year. >> the quake shook buildings as far as tokyo. >> fortunately, no major damage or injuries. >>> this morning the labor department says 146,000 jobs were added in november and unemployment fell to 7.7%. >> hurricane sandy did not have an impact on these numbers. clearly, you do have an improving situation here. >> the message we all want to send to members of congress is this is a solvable problem. >> we've only got 25 days until the fiscal cliff. >> according to "new york times," house speaker john ba boehner has asked democratic leaders to step aside so he and the president can negotiate a deal one on one, and no one is objecting. >>> the crisis in egypt remains volatile, with massive anti-government rallies planned today. >>> heartbreaking survival story for a woman stranded in the snow in the california sierra nevada mountains. >>> shoppers at a s
at this headline. a land without guns. how japan has virtually eliminated shootings. in part by forbidding almost all forms of firearm ownership japan has as few as two gun-related homicides a year. i understand -- oh, we can't do that here! >> there are too many guns out to there to confiscate. >> stephanie: a friend of mine said bad people are always going to get -- [ buzzer ] where are the guns in japan? >> every country has bad people. every country has sociopaths. every country has people that want to kill other people. >> stephanie: the president's right. we can't tolerate we have more freedom. really? this is the price of freedom? how many zillion times more than the next country? >> kids get killed in elementary school? >> stephanie: in first grade. >> gun people have their rights so that kids can have their rights and lives taken away. >> stephanie: i'm just saying -- i'm not saying we're going to ban all guns like japan but do you think there's some connection that there's two deaths a year in japan from guns.
commodity. it could be exchanged for silk in india and the silk exchanged for swords in japan, and those swords would be sold back in england and the whole thing would start again. so the ex-peasant who is now running the show on a small plot of land handed over to him by the landlord would be an entrepreneur. effectively, he borrowed money from the landlord in order to pay for three things. rent of the land, wages in the form of corn, to the ex- peasants who are now wandering in the countryside knocking on doors because they don't have direct access to land, and some machinery, shears for clipping wool. so land, labor, and capital could be purchased in advance of production, on the basis that the entrepreneur, ex- peasant has to the landlord. -- on the basis of the debt that the entrepreneur, ex-peasant house to the landlord. so debt comes first, then comes distribution of income in the form of a labor contract. it will work for so many hours and i will give you so much corn. then comes production. it was a combination of this reversal of the order from having production followed by a d
that a budget deal is closer. in asia, japan's nikkei rising above the 10,000 mark, wow, the first time in more than eight months. still a ways from 50,000. among the catalysts, expectations of more aggressive monetary stimulus from the bank of japan. the boj wraps up a two-day meeting with a policy announcement tomorrow. >>> the world bank in the meantime is raising its 2013 economic growth forecast for china and for developing east asia. the organization says that the region remains resilient despite the lackluster performance of the global economy. the world bank sees china expanding by 8.4% next year. it's expecting that it will be fueled by fiscal stimulus and the faster implementation of large investment projects. today's forecast is higher than an earlier one that was sited in a world bank report in october. 8.4%, not bad both if you can get it. >>> speaking of china, the united states is moving forward with plans to slap steep anti-dumping duties on wind turbine towers that are imported from china at prices that are deemed unfairly low. the news from the commerce department comes as u.s
.3 magnitude earthquake in japan. the quake striking off the northeastern coast but felt as far away as tokyo. japanese authorities say no problems are detoebgted at the nuclear power plants closes to the epicenter. it triggered a three foot tsunami in the same area devastated in last year's disaster. no deaths reported. more on this story out of japan coming up in a live report. jenna: right now brand-new stories and breaking news. jon: house speaker john boehner coming out on top. what was the intra party skirmish all about? we have the answers. a big seat to fill, they call him the king maker. conservative senator jim demint calling it quits who. will step in and what the change will mean for the next congress. if you're looking for an out of this world vacation, yes, you can have it literally, a trip to the moon for two, we are guessing it is all-inclusive, the whole story and the stunning price tag, all "happening now." good morning to you on this friday, the jobs numbers are in for november. i'm jon scott help the. >> reporter: i'm heather wheuld dreshelp the heather childress in nor je
. we'll go next to japan. that is where gun violence is almost nonexistent, but first -- ♪ three cheers for the green and white ♪ ♪ the sandy hook school >> these are students from new york ps 22 chorus singing their song to honor the victims there in newtown. their goal, of course, to bring hope and inspiration to families who have been impacted by the shooting. these are fifth graders from staten island. ♪ we'll go ♪ we'll do our best our very best to learn and grow ♪ it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts here. (announcer) when subaru owners look in the mirror, cisco. they see more than themselves. so we celebrate our year-end with the "share the love" event. get a great deal on a new subaru and 250 dollars goes to your choice of five charities. by the end of this, our fifth year, our total can reach almost 25 mill
to the rest of the world, if you look at germany, uk, japan, france, all of whom have very strong gun regulations, we have more gun deaths in one week than they have in an entire year, and the incidents -- the number of times in which guns inside a home are used for self-defense are exceedingly small, on the order of maybe 1 in 15, 1 in 20 as compared to the number of times when a gun is used either for suicide or a homicide. anybody that looks at the data here is quite clear that on the whole, particularly things like assault weapons, create far, far more kor nage in th carnage in this country than they prevent. to a large extent the reason why i think progressives have not been able to mount an effective campaign for sensible gun laws, it's been a failure of the progressive movement, and i think that will now change with progressives. they must realize they have to make this an election issue. all of the polls show that the public is widely in favor of sensible gun regulations. i will point out what i said on friday. president clinton after columbine when we were meeting in the oval
to be with you. i'm terrell brown. a strong earthquake hit northeastern japan this morning, the magnitude 7.3 quake struck in the early evening in the same area that suffered a powerful quake and tsunami last year. a tsunami warning has been issued. residents have been told to move to higher ground. the fukushima nuclear plant has not been damaged. the quake was felt as far south as tokyo. lucy craft is in tokyo. what can you tell us? >> reporter: no reports of damage or injury. it's still way too early. we have a tsunami warning. the tide is about three feet or two meters or one meter, i should say. very interesting, this time the warnings came very fast and furious. the announcer was yelling at people to get to higher ground. big difference this year. >> we were watching in our newsroom as the alerts came in. what did you feel, what did you experience there? was it anything noticeable? >> i was talking to someone on the phone and she said she should get off the phone, this is a big one. my windows were rattling. my pictures, i thought i was going to have to grab them before they fell off.
has taken place. now, the night before i went to bed i wasn't thinking about japan. i wasn't thinking about nuclear power. and now it's all-consuming. it just seems like we're in a period of time that's volatile from a geopolitical standpoint. it's volatile from an environment, nature standpoint. >> rose: jeff immelt for the hour. next. >> rose: general electric is the nation's largest industrial company. it employs over 300,000 people around the world. it makes everything from aircraft engines to power plant turbines to medical imaging equipment. the company has evolved over the last decade over jeff immeant's watch. he has led a global expansion and shed once treasured businesses such as plastics and insurance. in 2011, president obama named him to lead the council on jobs and competitiveness. last month, the country created 146,000 jobs, exceeding expectations in the wake of hurricane sandy. further progress will be tested as the fiscal cliff deadline approaches without a deal inside yet. i'm very pleased to have jeff immelt back on this program. welcome >> charlie, thanks, good to
a bit. >> way back at the beginning of notlast century -, japan only occupy it, but every other great power had pieces of it. >> is a struggle between a feeling of being a victim, and agents superiority. >> it is an absolute contradiction. two sides of the same mind. in the end, a new sense of chinese confidence and a sense of respect from the world will help cure this historical the element. -- dilemma. this is the reason that your job is so hard, because sometimes people -- things we think are straightforward -- >> do you have a an example of that, something that was understood there as something you had to deal with and jump on? >> just for example, the dispute with japan on these islands, the chinese believe that the united states supports japan and puts japan up to the purchase of the islands simply because we have a treaty with japan. they believe that we therefore side with japan on the islands issue because we have a treaty that says we will come to the defense of japan. but we have defense treaties with many other countries. it does not mean that we agree with the actions of
on with the japanese elections? the new prime minister told the bank of japan we want more stimulus. guess who's meeting thursday? the bank of japan. japan's exports fall for the sixth straight month. you are going to see the bank of japan on thursday announce new stimulus measures. you're going to see efforts to weaken the yen. it's going to get even weaker. that is the old yen carry trade. that may be where some of this money is coming from to do the odd little trades that seem to be going on. out of bonds, into stocks, selling gold as well. i think that's a real factor here. what caught my eye this morning, there was a survey out saying the hedge funds is the most exposed to the market since 2010. a lot of people mentioned that and said, that is a contrary indicator, high levels of activity in the stock market for hedge funds, often a negative indicator overall. let me mention night capital. they are selling themselves to geico. i took two-to-one ratio. this is a good deal all around. you're going to marry the biggest, fastest traders out there, getco. you're going to marry that with knight
great support out of the ecb and the bank of japan is coming online. the only thing holding the market down is the potential consequences of the fiscal cliff. you get movement there, i think you take out the highs of the year and head toward 1,500 pretty quickly. >> meaning, you know, by the end of -- within days of reesk that deal? >> you know, the pace of assent may be not quite that rapid. i think we see that by the first quarter, if we get a good fiscal cliff deal. i think this morning's comments really, really advance that. i really take strong exception to mr. lindsey's point that the president does not want a deal. we actually believe that the president needs a deal almost as badly as the republicans. remember, he is a second-term president, and second-term presidents get very concerned about their long-term legacy. we have a recession in 2013, the republicans may be blamed short term, but that will bake in the cake four more years of weak economic growth and that would assure president obama has one of the weakest records of growth in history. he doesn't want that in the histor
's happening in japan. you guys may recall yesterday it was up .9%. this market has been on a tear this year. it's up more than 20 one of the best asset classes. the yen continues to weaken. there's two reasons why we're focusing here. we got weak economic data out of japan. industrial production decline. we saw core consumer prices decline. we can show you, though, what's happening with the yen. we're seeing the new finance minister coming out and saying to other countries, you know, look, we're not trying to materially weaken our yen and you have no place to accuse us of doing so. he says a strong dollar policy would benefit the u.s. very much so. and, again, might benefit japan, too, because that will make it a lot easier to get that yen lower. today, the dollar/yen is up .2% because it's important at this junction now that we've seen the new government come in, now that we've seen the new cabinet ministers, people who were expecting a lot of fiscal and monetary magic from to look at the data overnight and be reminded that it's no guarantee japan will magically be able to rejiger its econ
to japan, voters are heading to the poll on sunday. the major indicators suggest a win for the opposition party. the local media says there is still a large pool of undecided japanese voters. kari enjoji has more on this report from tokyo. >> reporter: 12 parties, some less than a month ole are fielding 1,504 candidates. but instead of being slow for choice, voters say i just don't know. polls suggest the prime minister's democratic party is unraveling, hinting that many first-time politicians that swept the party to a victory three years ago could be wiped out. >> it's quite possible that the cpj will sink from neing first or second but possibly to even third parties in japanese politics. >> the dpj's handling of the fukushima disaster and undelivered economic promises have alien ated many voters. if the liberal democratic party wins, shinzo abi could with the newest restoration governor. the emergence of these smaller parties could mean a messy transition period. >> my gut feeling is that possibly no single party will win the single majority in the next election. this is democracy. even
from the political grapevine. how does a country unapologize? japan may look to find out. "new york times" report the new government may revise 20-year-old apology to women forced to sexual slavery. the chief cabinet secretary declineed to uphold the apoll saying it would be desirable for experts and historians to study the 1993 statement. japan will hold up a larger apology. they will call on japan not to forget the militaristic past. >> go visit your parents. in china that is an order. they require adult children to visit the aging parents often. it does not specify how often. the parents feel they are neglected and sue them. it comes with reports of parents abandoned or ignored by the children. >>> as we talk about, there is a clear tuition over the fiscal cliff. they are working on the legislation, they will watch another battle on sunday. >> we are going to vote sunday night. probably watch the skins-cowboys game. >> washington and dallas play sunday night with the nfc east title on the line. the father played for the redskins in the 1930s. they were in boston at the time. >> m
-month high on the notion that the urbanization plan will gain spurs in the housing stocks there. japan, abe confirmed as prime minister there. the seventh prime minister in the past six years. we did see the yen hit a 20-month low against the u.s. dollar. notable lows against the euro as well. the topics in the nikkai the lowest in nine months. >> going back to his old job, that he had back in 2007. strange in and of itself. i wonder how long it will take for people to start talking about netflix after the outage going into christmas eve on social media. they were calling it no flix. and to blame amazon web services, which is one of their huge growth engines. a unit of the company they say is probably a tenth of its eventual size. >> one of the highest growth parts of amazon right now, the web services portion. their amazon is down 1.25%. i don't know if that's the reason. but it was the streaming center in northern virginia that was the source of the netflix outage. it's resolved, though, as far as we know. we don't know what sort of impacting -- >> i waste a vin't a victim, bu sure a lot
to that anxiety is that all? >> is the most problematic relationship now in japan and this is not good. i have to say i think japan probably hasn't played this as well as it might have, but i think on the other hand it would be fair to say also that it serves china's purposes to have something happening outside his orders which can rally people at home. there's a lot of complex things going on in each of these reactions to foreign movements outside. >> which makes your job complicated. i wonder if you go back to the news last week with the north koreans surprisingly, given reports of their technical difficulties but the long-range missile tests seem to fully back or not. >> we have been communicating with the chinese about the need to dissuade north korea from launching a missile. although they say for satellite into outer space it's using the same technology that's important, that would be used to launch a nuclear warhead. this type of missile technology is expressly covered under u.n. security council resolutions, prohibiting such testing of missiles and the type of technology, supported by
all of them. it is the farm-to-table focus. some imported from the pacific northwest or japan or other countries. >> local in creance play a role in all of the ingredients. there is almost zero crossover from one menu to the next. the only exception is a round pancake filled with anything from the coach used to travel. on the diamond menu, you will find this christine poached oysters presented in a leaf and a dessert of bacon ice-cream topped with whiskey butterscotch. the deer menu offers mushroom consomme served in elegant italian espresso cups. it includes a buttermilk biscuit, a smear of bacon fat to spread on the biscuit, a spoonful of apple mustard, and pink marshmallow. there is also a dish with a mini skillet with a slow-coached quale. it takes a while because you get eight courses and as many as 20 opinion the menu. and you can spend anywhere from $65 during the weekend two hundred dollars for the saturday night diamond. it is three stars for elizabeth. one of the best new restaurants of 2012. >> that is right around the corner from here. >> for more on this new restaurant, ta
. >>> and a developing story overnight from japan. investigators say a rusted bolt may have led to a deadly tunnel collapse. nine people died when concrete panels on the ceiling of the tunnel came crashing down. the missing bolt had held those panels in place. now, there's an emergency inspection of dozens of similar tunnels all across japan. >>> and back here in the u.s., a town in northwestern louisiana is evacuated this morning while a massive amount of improperly stored explosive powder is removed from a munitions facility. the 800 residents of doyline, louisiana, are out of their homes. they have no idea when they will be allowed back. police say 6 million pounds of powder needs to be removed. >>> and dozens of people from southern new jersey are likely out of their homes for the rest of this week after a hazardous chemical spilled from a derailed train. vinyl chloride released into the air and into a nearby creek. local nearby schools are open today but local courts are not. inspectors were studying the problem the day before the crash. >>> a suspected serial killer has committed suicide in
of all that, true. >> not such a crummy year for japan. japanese stocks rallying you can the yen continuing its slide against the dollar in all the major currencies, in fact. asian markets mixed overnight trading. the nikkei climbing to a closing level not seen since just before the march 2011 earthquake, marking a third day of gains, mostly drive bine hopes for a new stimulus policy. the yen is sitting closes to the lowest level since september 2010 against the dollar. interesting here because now a lot of people are saying the best or the hottest trade in 2013 will, in fact, be long japanese stocks and short the yen because what's different this time around, now there is an actual target, 90 is the target. we know where it is going to go. if they are able to weaken the yen to that point, it is a core roll lary stocks will go higher, exactly what happened with the united states, ben bernanke ease he can the monetary policy and the 14% gain in the stock market this year. >> seen the yen basically strangling japanese exports for so long. >> exactly. >> so you know, obviously i the
challenge. we haven't seen anything like this since 25 years ago in the japan situation, but it's actually even more significant this time, dan, because really the american job generation machine has slowed down dramatically. and we've let our business environment get less and less efficient. we've let the cost of doing business rise up. we've got -- we're losing many, many more investment decisions and business activities to other countries than we're getting back. and yet, the political debate including the one we're having this morning is really not about the really important things. it's not about skills. it's not about the fundamental structure of reforms we need to make in our budget, our tax system. we're kind of -- we've gotten ourselves into a kind of a short-term day-to-day dialogue. we're not really addressing the real issues. >> a couple things going back to jpmorgan. first of all, we learned time and time that no man, no human being is smarter than the markets. not anybody. that's number one. and number two, with regard to the banks and the size of the bank, we got rid of glas
the fine ba barclay's was fined. ubs also admitting to criminal wro wrongdoing in japan. >> how are global markets doing at this hour? >> well, actually global markets are up. they're cheering, you know, the fact that there could be a fiscal cliff deal between democrats and republicans. look, we've got european markets close to year highs, the cac and dax at 52-week highs. this is more related to the expected aggressive monetary easing by the boj, but even the u.s. markets, the s&p 500 at a two-month high. >> i'm curious, we never really know how the fiscal cliff conversation plays out overseas. is it something that moves the needle in the markets in europe and asia? >> absolutely it does. given that, you know, in terms of european risk, everything pretty much done and dusted. we don't have much more european event risk until the end of the year, this is what we're focusing on. every morning when we get to work, we are watching the overnight comments from mr. obama and mr. boehner. that's why european markets have been trading higher the last two trading days because there is optimism that
across america, the world, pouring in to show support. >> people from japan, cairo, egypt, france, poland. but everybody, even all over the united states here. >> reporter: from portland, oregon, 26 wreaths for each innocent life lost. and from sanford, north carolina, 26 christmas trees donated. >> through the strategy, i wanted them to feel love from all over. >> reporter: firefighter anthony carpenter helped line the trees along the entrance to sandy hook elementary. >> i would say within an hour, they were all decorated. >> reporter: from long island, new york, 26 ornaments. >> they are not alone. >> yeah. >> yeah, not alone. >> reporter: children from ft. stuart, georgia, sending toys to children in newtown in time. christmas. from all over the world, 2 million people signing this card online, offering their condolences and love. free hot coffee for the whole town from someone in los angeles. >> reporter: maxiline ramos manages newton general store and >> their lives will never be the same. it goes along way. >> reporter: maxiline ramos manages newton general store and says coffee wa
of the world's highest profile whistle blowers. michael woodford was president and ceo of japan's olympus corporation. his dream job turned in to a nightmare when he discovered the company had hidden more than $1 million in investment losses. he has a new book out called exposure. you had been at the company for a while but you were not the president and ceo. >> i'd been with the company for three decades. but became president on the first of april and was fired as president and ceo on the 14th of october. so 6 1/2 months. >> was it the previous ceo that orchestrated this? >> yes, he's admitted his guilt. >> and chairman was in cahoots? >> the former chairman and ceo became president. >> were you chairman, as well? >> no i wasn't. i was president and ceo. he remained chairman. he was known by many as the dr. evil character. and if you see his face, he looks like dr. evil and he was evil. >> it's hard to imagine. this is kind of a stunning story. just the idea that you could cover p broad losses. your problem was you looked and you saw the acquisitions that looked like ridiculous deals. ad
. tonight what may ab life changing treatment for depression. we have that story next. >> also japan mobilize the missile defense system after defiant move by north korea. i have details on that next. >> like something out of a movie what caused this massive explosion in west virginia? >> also tonight. truck driver gets the blame for a fatal amtrak accident. if he had acted just 2 seconds faster it would not have happened. stay for over 60,000 california foster children, the holidays can be an especially difficult time. everything's different now. sometimes i feel all alone. christmas used to be my favorite. i just don't expect anything. what if santa can't find me? to help, sleep train is holding a secret santa toy drive. bring your gift to any sleep train, and help keep the spirit of the holidays alive. not everyone can be a foster parent. but anyone can help a foster child. >> good evening again. we begin this half hour with news about north korea. yang fired long range rocket defying warnings from the united states and the quantityed nations. now you are looking at satellit
therefore it's about them. if anybody would have made that same decision, it's not about them. japan attacks pearl harbor on december 7, 1941, franklin roosevelts has to decide if we are going to declare war on japan. we were going. >> no conceivable american politician would have declared war. >> no politician who would have become president. that's right. >> host: you pay particular attention to three presidents, thomas jefferson, abraham lincoln, you already mentioned and woodrow wilson. let's do them in chronological order. let's start with jefferson. he it a extreme president? >> guest: a model president. how they are they were evaluated before they became president. if everyone had the ability to influence whether or not they would get the job, knew everything about them. then the people have a ability to recognize the person is not what we want or the person is what we want. and they pick jefferson. if you look at jefferson's career, he had been governor of virginia, ambassador of france, secretary of state, vice president of the united states, member of the congress. author of the de
the operators of the fukushima nuclear power plant in japan. why some american sailors said they were put at risk. >>> as california waits for proposition eight, another state prepares for gay marriages. where same-sex couples will start tomorrow. >> and american families stuck on limbo, as russian government suspends adoptions. >> and how tunnel helped reshape a city. >> a new high tech plan to fight drunk driving in california. why some are telling it it won't work tonight on ktvu channel 2 news at 6:00. you got this, right? i do got this. let us get everything off the shelf, and to your home. sofa... desk... you know what? why don't you go get some frozen yogurt. i got this. you're so sweet. you got this, right? i do got this. let us get everything off the shelf, and to your home. >>> we have breaking news to tell you about right now. this is a live picture from news chopper 2 as a boat is outlooking for two swimmers who are reported missing near the golden gate bridge. the word we have right now is that a caller called authorities to say that two swimmers were spotted near the north t
if it's debris from the japanese tsunami. state officials say the boat could have floated from japan to hawaii. but they need to document it before contacting the japanese government. so far, three confirmed pieces of tsunami debris have been found in the ocean. japan donated $5 million to the u.s. to handle tsunami debris. >>> anderson cooper suffers temporary blindness, after a reporting assignment on a sunny day in portugal. ly was on a boat for two hours. later that day, he developed a burning sensation in his eye and lost vision for a day. he wanted to warn people about the risk and encouraged everyone to wear sunglasses. >>> a fast food chain is breaking into the perfume business. pizza hut in canada has just released pizza-scented perfume. only 110 bottles were made. and were shipped to people who responded on a campaign on facebook. no word when it will be available in the u.s. >> does it smell like pepperoni or sausage? >> you could choose your topping. >> okay. way to get some attention. >>> it's a chilly afternoon. you'll definitely n
? >> these are some statistics that a lot of people of talking about. in 2008 japan had just 11 gun-related murders. the u.s., 12,000. so should america look to other countri countries' gun policies now? we have someone with a unique perspective on this. cnn's own kyung lah. >> reporter: i moved back to the u.s. this summer. for the last five years, i was living in japan as cnn's tokyo correspondent. in that entire time, i never covered a shooting. there weren't any. this is my third mass shooting i've covered in just six months. >> kyung lah is on the scene for us at that apartment complex. she's got more on this part of the investigation. >> reporter: in this brief time, i've heard this question again and again by those victimized, most recently from a frustrated newtown resident. >> why are we so different from so many other industrialized countries that have so little gun violence and we are just -- what makes us so different? why is that? >> reporter: i don't have the answer, but i can compare japan and the u.s. in japan, there are almost no guns. the average person just can't get one. and i h
, a tunnel collapse west of tokyo raising safety questions right across japan. we're going take a look at the cave-in that left cars mangled and drivers dead. everything has to be just right. perfection is inthe details. ♪ get to holiday fun faster with pillsbury cookie dough. [ gordon ] for some this line is a convenience. how you doing today? i'm good thanks. how are you? i'm good. [ gordon ] but for others, it's all they can afford. every day nearly nine million older americans don't have enough to eat. anything else? no, not today. join me, aarp, and aarp foundation in the drive to end hunger by visiting drivetoendhunger.org. starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. hurry in and try five succulent entrees, like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. [ male announcer ] it's that time of year again. medicare open enr
, 2008, look at statistics in japan, they had 11 gun-related murders. the u.s.? 12,000. shouldn't we look at other country's gun policies? it's lots of things. all waking up. ♪ becoming part of the global phenomenon we call the internet of everything. ♪ trees will talk to networks will talk to scientists about climate change. cars will talk to road sensors will talk to stoplights about traffic efficiency. the ambulance will talk to patient records will talk to doctors about saving lives. it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. the next big thing? we're going to wake the world up. ♪ and watch, with eyes wide, as it gets to work. ♪ cisco. tomorrow starts here. (announcer) when subaru owners look in the mirror, cisco. they see more than themselves. so we celebrate our year-end with the "share the love" event. get a great deal on a new subaru and 250 dollars goes to your choice of five charities. by the end of this, our fifth year, our total can reach almost 25 million dollars. it's a nice reflection on us all. now through january 2nd. mi
they claim japan's power company told. >> and a live look outside. 280 in san jose. a lot of activity just to the north of this shot near redwood. highway patrol responding to two crashes, one near the alpine off ramp, the second on paige mill road. . >>> good morning. sweeping view over san francisco. mostly cloudy, cold, 45 degrees. a light breeze. >>> police are searching for two armed robbers who stormed an oakland restaurant. they hit the restaurant on international boulevard thursday night. they robbed four diners and a employee and took the cash register. >> two california men have been arrested in a riverside county grease theft. they are accused of stealing thousands of dollars of cooking grease from the mcdonalds. the owner helped catch them by staking out his restaurant after hearing about other grease thefts. it can be turned in to biodiesel fuel. >>> cat williams has been arrested on suspicious of felony child endangerment. guns and drugs were found in the house. he is being held in lieu of a hundred thousand dollars bail. he has been arrested several times in the past few mo
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